Esthetics International Group Berhad (“EIG”) is pleased to announce the renewal of the exclusive distributorship of Dermalogica skin care products with the signing of a new 5-year Distributorship Agreement between Dermalogica, LLC with EIG’s wholly-owned subsidiaries EIG Dermal Wellness (M) Sdn Bhd (“EIG DWMY”), EIG Dermal Wellness (S) Pte Ltd and PT EIG Dermal Wellness Indonesia for Malaysia, Singapore, Indonesia and Brunei, as well as new 2-year Distributorship Agreements with EIG DWMY and EIG Dermal Wellness (Thai) Co. Ltd for Thailand, and EIG DWMY and EIG Dermal Wellness (HK) Limited for Hong Kong respectively. The new Distributorship Agreements are effective from 1 January 2025.
EIG has been the exclusive distributor of Dermalogica skin care products since 1989 and currently distributes Dermalogica through EIG’s 59 wholly-owned AsterSpring professional skin care salons and retail kiosks in Malaysia, Singapore, Hong Kong and Thailand as well as EIG’s professional distribution network to over 1,000 independent professional skincare salons, spas and mediclinics across ASEAN and Hong Kong. 
Established in 1986, Dermalogica is the leading professional skincare brand worldwide and Dermalogica products and professional treatments are currently sold in over 100 countries worldwide. 
The Directors of EIG, having considered all relevant factors, is of the view that it is in the interest of EIG to enter into the Distributorship Agreements. 
The signing of the Distributorship Agreements will not have any effect on the share capital and substantial shareholdings structure of EIG. With focused sales and marketing efforts and barring unforeseen circumstances, the Agreements are expected to positively contribute to future profits, earnings per share and net assets of EIG.
None of the Directors of the Company, substantial shareholders and/or persons connected to them has any interest, direct or indirect in the above transaction.
This announcement is dated 23 December 2024